"You can not fail if you resolutely determine that you will not." -Abraham Lincoln

GE’s Immelt – Hypocrisy at its best

NEW YORK (CNNMoney) — The head of General Electric told a jobs summit at the U.S. Chamber of Commerce Monday that businesses needed to take the lead on job creation.

At a conference where many of the comments were focused on government barriers to hiring, GE (GE, Fortune 500) Chairman and CEO Jeffrey Immelt acknowledged there needed to be some policy changes by Congress and the Obama administration. But he said that the responsibility for hiring lay with businesses.

“The people who are part of the business sector, the people in this room, have got to stop complaining about government and get some action underway,” he told the group. “There’s no excuse today for lack of leadership. The truth is we all need to be part of the solution.”

Immelt is the chair of President Obama’s Council on Jobs and Competitiveness.

Mr. Immelt’s company paid no taxes last year. I guess if I paid no taxes, I’d be defending government, too. Since hiring responsibility resides “with business,” his sale of the Newark solar panel manufacturing facility to the Chinese seems a bit hypocritical. I guess if GE can’t employ Americans, we ought to have the Chinese do it.

He’s a great example of corporate welfare at its best. Maybe he’s one of the “Private Jet” flyers that the President complains about…